In an effort to stay “on top of” the real estate market in Watertown, MA we sort through the real estate market statistics for single families, condominiums and multi family homes. We make an effort to share this data with our clients and the internet users, so that we can help educate potential buyers and sellers about the realities in the Watertown, MA real estate market. a weekly basis. If you would like to see a different town featured or sent to you directly, please do not hesitate to contact us at firstname.lastname@example.org.
Single Family Homes
The single family home market in Watertown, MA has seen a slight decline in sales price (both average and median) but it right on pace with last year’s numbers in the total number of sales year-to-date. Also, the average number of days on market has stayed flat resting at just over two months of market time for properties that have sold.
The average and median prices for sales comparing this year to last year has stayed flat. There has been no real overall change in price, only a few thousand dollars difference which can fluctuate based on one sale. The biggest difference, year-to-date, has been in the overall number of sales. There have been 171 sales in 2012, compared to only 121 sales at this time last year. Amazingly, properties are selling at a much faster clip with the average days on market down 40 days compared to last year.
Multi-family home sales in Watertown, MA have seem a modest increase in the average sales price and median sales price compared to last year. The inventory and amount of sales year-to-date are down, but that is part of the reason the properties are selling for a higher amount. There is not a lot of inventory so the supply and demand is entirely in the favor of multi-family home sellers. There is a pent of demand for these types of properties with many buyers getting caught in multiple offer situations.